will
STOP
THAT
LEAK!
THE LEADING PLUMBING AND SANITARY ENGINEERS,
C. E. WARREN & CO.,
China Building.
førning Post, Ltd, #jalkaké Street, Hongkong.
FIRST EDITION
Library, Supr
Hongkong Telegraph.
LTD.
Tol. 20269
POUNDED 1881 No. 11595
# +AEXWF TUESDAY, JANUARY 10, 1933.
日五十月二十
SINGLE COPT 1 CENTO $36.00 PER ANNUM
DUNLOP Fort
unequalled by
any other Tyre in the world
HAS LEAGUE ABANDONED CONCILIATION HOPE? Sensation Caused by Publication of "Secret" Resolution BRITISH TROOPS
CANTON EXPRESS MISHAP
LOCOMOTIVE
DERAILED
CHINA NOW
DEMANDS ACTION
VERY LITTLE
EXCITEMENT IN ACTUALLY EXPECTING
KOWLOON
Great excitement prevailed at
the Kowloon Railway Station this NANKING VIEWS morning when the locomotive of the Canton express jumped a switch and became derailed.
Fortunately, the train was just leaving the station at 8.16 am and had not gathered speed. She was doing only two miles an hour when the mishap occurred,
The passengers were transferred to another string of conches and with a fresh locomotive were able to resume their journey an hour and a half later.
ENQUIRY TO BE HELD.
B
Narking. Jen, 14, Reening that the time Nineteen origianity inq keep the draft resolution secret until an aereem al kasi se obtained from China and Janga Chinese circles here are of oplacatus that "the sudden" publication of the resolution (elsewhere in this issue) indicates that the League has virtually abandoned the last hope of conciliation.
Chinese observers emphasise that since there exists no basis for con- Shortly after eleven o'clock, acillation between China and Japan, targe Kank of workmen with the League should immediately cranes and levers, succeeded in proceed to action under Paragraph getting the locomotive back on to Four. Article Fifteen, of the the the rails.
League Covenant in view of
Shanhal- Japanese occupation of kwan and the promise of serious developments in Jehol,
The locomotive did not over- turn and was not damaged in any way, while the tonder attached to it remained on the rails, following coaches were not en- dangered. An enquiry is to he held Into the inlahap.
The
LEAGUE "USELESS.”
All Chinese circles are viewing | with complete pessimism the ap proaching session of the Committee of Nineteen.
The Chinese newspapers are state-
RUSSIA TO printing daily articles and
ARM
SIGNIFICANT STALIN STATEMENT
THE SECOND FIVE
YEAR PLAN
Moscow, Jan. 9.
ments reflecting on the efficacy of the League and urging. prolonged realatance as the sole means of dealing with Japanese aggression.— Router.
CHINA CANNOT DECLARE WAR
WONG CHING-WEI INTERVIEWED
H.M. uhmarine Rainbow, which, after a chapter of accidents has left
Portsmouth for Hongkong.
Saicvmmčan©UNIANTICID)
STRONG FEELING AGAINST JAPAN
DEMAND OF GERMAN LIBERAL PARTY
Berlin, Jau, 9.
The Socialist-Democratic Party in the Reichstag have submitted to the Government an interpella- tion regarding the Far Eastern conflict which asks whether the German Government is
(1) prepared to adopt the at titude that Japan has committ. ed breach of the League
a Covenant and of the Kellogg L'act
(2) prepared to advocate at Genera that the League demand Immediate unconditional recog nition and execution of the Lytton Report, in default of which all signatories to the above Pacis shall immediately be obliged to sever diplomatic- and business relations with Japan.
(3), prepared to instruct its representatives on the commit: tee of nineteen to demand the immediate convocation of an extraordinars Assembly of the League of Nalluns.—Reuter,
Berlin, Jan. 9. | BERNAANNESMANNASTICATED China does not feel strong enough to declare
upon
war
SUBMARINE SAILS
REPLACING. THE POSEIDON
A CHAPTER OF: ACCIDENTS
London, Jan. 9. H.. M. submarine Rainbow, 1,475 tons, one of Britain's latest submarines, left Portamouth to. day for Hongkong where she is to replace the ill-fated Peseidon.
The Rainbow is due in Hong- kong on Mar16. She should have left for Cina some consider bale time ago, but since she was commissioned has been involved in two accidenta.
She went ashore near Ventnor in a fog in January last year. After refit, preparing to go East, she came into collision with the paddle-steamer Premior at the entrance to Portland Harbour.
AMERICA'S GREAT RESPONSIBILITY
WAR DEBTS AND WORLD RECOVERY
PLAIN SPEAKING
BRITAIN IS READY
London, Jan. 9.
CALLED OUT
RUSHING TO ALWAR BY TRAIN
GRAVE UPRISING
Alwar, Jan. 9.
The growing seriousness of the uprising at Govindgarh has neces- sitated the despatch of British troops to assist the State troops. A special train conveying the British troops under instructions to help in the operations against the insurgent Meos is now on its way to the city.
Eight thousand rebels aro arma ágainst the State authorities the and are attempting to take TO CO-OPERATE Government building. Several at-
in
towards the establishment of an inter-tacks have been repulsed.-Router. national gold standard, declared Sir Frederick Leith-Ross, at a meeting of the experts preparing the agenda for the world economic conference to-day.
CHINESE ECONOMIC
MISSION
There are, however, several conditions Now Beginning Study in attached to any agreement for stabilisation
of the pound sterling.
Exchange controls must be abolished.
Inflation of currency or price levels must
prevented.
World tariffs must be lowered.
Europe
Berlin, Jan. 9. Dr. H. H. Kung, Chinese Minis- ter of Commerce over a number of
be years, has arrived, here from the United States, together with four other members of an Industrial Mission.
War debts and reparations must be cleared away, Sir Frederick also urged that the governments must consider the desirability of giving their Central Banks wider powers.
The party proposes to spond three months in Europe studying the economic and commercial situation as they have already done in the United States.
Eventually, they will draw up a:
British opinion is that the World Economic Confer-report for subralasian to the Nan
king Government. ence cannot usefully meet until the war debts issue has been settled on reasonable basis.
WORLD ECONOMIC CONFERENCE
A hole large enough to drive a motor-car through was torn in the
The date of the world economic, and if the conference is sitting excursion steamer's starboard bow
im-conference, which will be held in with that shadow hanging over Cand the water rushed in
mediately-but the hole was three London, fs not yet fixed, but pre the participating Governments, it inches away from a bulkhead sent Indications suggest that it would be seriously handicapped in dealing with the questions on its
The Second Five-Year Plan is Japan even though she might, JAPAN AND which held and prevented the will meet next April.
to be less ambitious than the first, were her circumstances different, according to the aims outlined by feel that the present situation de- M. Stalin in a speech to the Cen-manded it, said Mr. Wang Ching- tral Committee of the Communist wei, in an interview to-day. Party.
The former Premier of China is The most important feature of at present taking a cure at a sans- the domestic programme, for exterium in Tucbingen, and gave ample, is the provision of an an- interview to a representative nual increase in the industrial of a Stuttgart newspaper regard- output by thirteen per cent. in- ing Sino-Japanese relations. stead of twenty-two per cent. as hitherto,
Mr. Wang Ching-wel rejected the idea that a Sino-Japanese Wor was inevitable, especially in view
LEAGUE
STATEMENT BY MR. MATSUOKA
bont from sinking.
In the opening proceedings to the agenda, many of which are incap- RESCUE WORK.
preparatory committee, Monsieur able of solution so long as inter- Like lightning the bluejackets in Trip, who presided, appealed for national exchanges are disorgan- the submarine began rescue work, a wide measure of concillation In ised by attempts to prolong the Women's screams pierced the nu view of the grave economic and system of huge Inter-Governmental
payments. and children cried, but there was financial situation of the world..
no panic.
Sir Frederick Leith Ross, re- The submarine received only presenting Britain, in the after- superficial damage.
noon outlined the attitude of the
PROVISIONAL AGREEMENT.
CANNOT BE RESTORED.
**"The system has
Mr. H. H. Kung to-day, viallef Baron van Neurath, the Foreign Minister. the President of the Relchstag and the Minister for Economics.
The Commission will be travell ing in Germany for the next fort- night-Renter..
GRAVE SPANISH- UNREST
TERRORISTS AGAIN
ACTIVE
Several
in
Barcelona, Jan. 10.
their Terrorists resumed tivity last evening, attacking the partially Law Courts and firing upon the
headquarters. cannot police A plank was run out to the deck British Government in regard to broken down already and RECENT EVENTS OF
of the Premier and along this, a return to the gold standard. He be restored. Nothing is more cer- casualties occurred in Barcelona NO ACCOUNT narrow gangway scores of ex-said that for the time being, the tain than that it will break down and neighbouring towns but the
80mo mutual situation la under control. cursionists hurried to the aub-British Government could not take altogether unless
It is officially announced in marine. Rome, Jan. 9.
any definite decision concerning arrangement on the lince of the M. Stalin claimed that the first of the fact that both countries Mr. Matsuoka, Japan's special The Rainbow's deck was soon the stabilisation of the pound ster-Lausanne settlement is reached be Madrid that ten rebels and three foro June 15th-by wiping out the soldiers were killed during re- Five Year Plan had been fulfilled. were members of the League of Manchuria dispute delegate to some of them still clutching spades
loaded with terrifled children—|ling.
disturbances whole entanglement and accepting volutionary He made a significant statement Nations, whose task it was to find the League of Nations, in the and palla-anxious fathers and
Province, Valencia, a Anal payment in full settlement. Pedralba towards the close of his speech, a peaceful solution of the conflict. course of a statement made to mothers and girls in light holiday
No moratorium or scaling down of where a general strika is being declaring that some industries
In his Government's opinion, payments would be of real service, proclaimed to-morrow.—Reuter. would from now on be slowed WILL OPPOSE AGGRESSION. the Press at Forli to-day, said frocks and silk stockings..
economic and financial restoration "Failure to reach such a settle- down in order to facilitate the
that the Japanese thesis at the So crowded did the deck become could only be obtained through pro-mont would not only prevent rati- manufacture of arms and pmmuni- tmsted warlike me-League would remain unchanged that many of the rescued passen-gressive measures. The London Acation of the Lausanne Agree-
At the same time, he added, when- tion as some of her neighbours thods, China would unitedly op- despite the recent developments were had to climb to the conning conference must be the body toment and revive difficulties and have not signed Non-Aggression
tower and descend into the sub-collect all available data on the controversias which it was boned pose her to the utmost of her abi- at Shanhaikwan. l'acts with Russia.-Reuter.
marine itself,-Router.
problem of the gold standard and had been finally closed. to study the question in order to reach, if possible, a provisionul agroement which would also in- clude a restoration of the inter national balance of trade.
lity, although open war fought to Manchurin, he declared, is an the bitter end would be a one-sided independent State with a complete affair. China did not feel strong right, at a suitable moment, with CONSTABLE OF THE enough to declare war, but she the assistance of Japan, to cinim
would devote her energies to ap-her independence. posing Japanese aggression where- ever it was experlonced.
TOWER
LORD METHUEN'S SUCCESSOR
London, Jan. 9.
There could be no doubt, he added, of Japan's intention to establish a monarchy in North China
NOT EXPECTING HELP.
H. M. the King has approved that Field Marshal Sir George Francis Milno, Chief of the Imperial Mr. Wang Ching-wei went on to General Staff, be appointed Conany that China did not expect to stable of the Tower in the room of receive material help from any of the late Fleld Marshal Lord the Powers, but he attached the Methuen.
very greatest importance to the
In the New Year's Ionours List, League expressing a verdict as to it was announced that Sir George who was right and who was wrong Milne had been created a Baronin the present dispute. British Wirelcao.
LLOYD GEORGE
INDISPOSED
CONFINED TO BED WITH CHILL
He did not agree with the suggestions made by the Lyt- ton Commission for the solu- tion of the conflict, at least not without certain reservations,
but he was ready to enter up- on negotiations on the basla of the Lytton Report,
Japan had no special interest to remain in the Longue becauso she was between the United States and Russia which are not members.
CHINESE EDUCATION
MISSION IN EUROPE NOW VISITING ROME
Rome, Jan. 0. educationalists,
It would then be necessary for Six Chinese
each country to take certain fea- headed by Mr. Chi Pao-chang, who sures tending to the suppression A strong current of opinion in are visiting Europe studying edu-of economic restrictions between Japan, he added, is against Japan ration systems, arrived to-day in nations. The British Government remaining in the League, but this Rome and were formally received would make every effort to seek
EFFORT TO BOOST SILVER
NEW BILL BEFORE CONGRESS
Washington, Jan. 9,
It would also make it hope. leas to expect any substantial result from the World Economie and Monetary Conference. Further, the consequent general A B authorising the United Inevitable and involuntary de- States Treasury to buy 260,000,000, fault would shake credit all over dollars worth of silver bullion, by the world."
the issue of silver certificates, has boon: introduced into the Senate by Senator Dill (Washington),
The certificates, under the Bill, would be legal tender for all debts. The silver is to be purchased
SHEER LUNACY,
The Daily Telegraph anys.-"The
is still the view of the minority, at at the City Hall by the Governor a method of stabilising the pound frat essential of a return to the present,--Reuter,.
of Rome.-Reuter.
COLOSSAL KREUGER FRAUDS
REVELATIONS IN FINAL REPORT OF AUDITORS
sterling. Only when the terms of
the provisional agreement wore gold standard by Britain la a real known, however, could stops be and final settlement of war debts.at the market price up to a maxi- taken...
If Washington is anxious to get mum of 125 cents per ounce, Ave For Britain to return to the gold London back on gold, let Washing-times its presont price.-Reiter. standard, it would also be neces-ton realise that the preposterous sary to arrivo at an oquitable maldistributions and sterilisation EXCHANGE MARKET Bottlement of the war debt ques- of gold connected with the pay- tion:
ment of war debta is one of thei
prime causes of the existing de・・ DOLLAR SLIGHTLY pression.
"For Britain to return to gold)
WAR DEBTS ISSUE.
RISES Commenting on prospects of the
The Hongkong dollar rose 1/8th' Stockholm, Jan. 9. [comb had been overstated by some Conference the Times says:"it
It and still be shouldering the this morning to ls. 93⁄41⁄4d. The The disclosure that the late Ivar £55,500,000, represented by fictils due to meet la April.
can hardly be postponed much necessity of mosting her war debt local market is, however, very er- Kreuger spent about twenty-four tions credits. million pounds sterling during The successful concealment of longer II it is to continue to in gold-payment in goods being ratic, due to Shanghal speculation. takon seriously. But it rigidly barrod-would be sheer In London, silver rose 1/8th.. fourteen years of fraudulent deal these amazing frauds is attribut-be
B colossal China bought and sold, and there ings, is made in the final report of ed to the unbounded confidenec must meet with a prospect of lunney. There was no prospect of a Rus- the auditors who have been ex- felt in the man himself, the gen substantial achievement, and there industrial sacrifice in order to re- was small business, the market 60-Chineso allianco. China stood
ruled la alone in her fight with Japan, but amining the affairs of Krouger and oral acceptance of his claim that can be little hope of any substan- turn to the gold standard in 1925. closing quietly steady. After, the Mr. Lloyd Gorge, who is
socrecy was essential to the suc-tial achievement unless the ques Brition is not afraid of taking official fixing, the market Liverpool, whore he was to have undoubtedly if the conflict in the The Report states that the fal- ceas of his operations, the auto-tion of war debts is got out of risks for the common good. But stendy.
there will be no more unilateral New York roports silver up a falalled a platform engagement to Far East continued, not only Russification of the firm's accounts bo- cratic powers conferred upon him the way before-hand..
The next Instalment of the sor-riska on any pretext whatever. quarter, w the market dall. The day, is confined to bed with a chill. ain but other nations would como gan in 1917, after which the bal- and the unquestioning obedience
vico of those debts falls due in June Router and British Wireless.
cross-rate him advanced to 8.84%. *--British, Wirelona.
into conflict with Japan.-Routor. ance sheets showed that the in-of.Kroguer's officiels Router.
London, Jan, 9.
Toll.
Wo mode